BELL-ART: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BELL-ART
Largest movements
- Current assets +€77,301
up €77,301 (+10.9%), from €711,107 to €788,408
of which Receivables within one year: +€68,725
- Debts within one year +€54,681
up €54,681 (+8.6%), from €634,785 to €689,465
- Equity +€21,036
up €21,036 (+27.0%), from €77,991 to €99,027
of which Profit (loss) carried forward: +€21,036
- Turnover -€117,880
down €117,880 (-23.1%), from €510,848 to €392,968
- Gross operating margin +€7,508
up €7,508 (+40.9%), from €18,341 to €25,849
From the 2020 result to the 2021 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €712,776 | €788,822 | +€76,047 | +10.7% |
| Fixed assets | 21/28 | €1,669 | €414 | -€1,254 | -75.2% |
| Tangible fixed assets | 22/27 | €1,669 | €414 | -€1,254 | -75.2% |
| Current assets | 29/58 | €711,107 | €788,408 | +€77,301 | +10.9% |
| Amounts receivable within one year | 40/41 | €708,741 | €777,466 | +€68,725 | +9.7% |
| Cash at bank and in hand | 54/58 | €2,366 | €4,192 | +€1,826 | +77.2% |
| Total equity and liabilities | 10/49 | €712,776 | €788,822 | +€76,047 | +10.7% |
| Equity | 10/15 | €77,991 | €99,027 | +€21,036 | +27.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,931 | €90,967 | +€21,036 | +30.1% |
| Amounts payable | 17/49 | €634,785 | €689,795 | +€55,011 | +8.7% |
| Amounts payable within one year | 42/48 | €634,785 | €689,465 | +€54,681 | +8.6% |
| Trade debts | 44 | €627,078 | €684,961 | +€57,882 | +9.2% |
| Turnover | 70 | €510,848 | €392,968 | -€117,880 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,443 | €1,254 | -€189 | -13.1% |
| Gross operating margin | 9900 | €18,341 | €25,849 | +€7,508 | +40.9% |
| Operating profit (loss) | 9901 | €16,456 | €23,836 | +€7,380 | +44.8% |
| Recurring financial income | 75 | - | €1,123 | +€1,123 | |
| Recurring financial charges | 65 | €278 | €1,036 | +€758 | +272% |
| Profit (loss) for the period before taxes | 9903 | €16,178 | €23,923 | +€7,746 | +47.9% |
| Income taxes | 67/77 | €2,728 | €2,887 | +€159 | +5.8% |
| Profit (loss) for the period | 9904 | €13,450 | €21,036 | +€7,586 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,450 | €21,036 | +€7,586 | +56.4% |
Source: filed annual accounts (NBB), financial years ended 31 August 2020 and 31 August 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.